Shareholders of Taiwan's Shin Kong approve merger with Taishin

TS Financial Holding Co

09/10/2024 05:24

TAIPEI, Oct 9 (Reuters) - Shareholders in Taiwan
financial conglomerate Shin Kong  2888.TW  on Wednesday voted to
approve a merger with peer Taishin  2887.TW .
    Shin Kong's management has repeatedly said they viewed
Taishin as their preferred bidder. Another Taiwanese financial
conglomerate, CTBC  2891.TW , last month dropped its bid to
acquire Shin Kong, citing objections from regulators.

 (Reporting by Faith Hung; Writing by Ben Blanchard; Editing by
Christian Schmollinger)
 ((ben.blanchard@thomsonreuters.com;))